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54 Lexington Ave # 32, Gloucester MA 01930

Gloucester, MA 01930 • Magnolia
$317,000
1
Baths
400
Sq Ft
$793
Price/Sq Ft
0.23
Acres
1920
Year Built
1
Parking
16
Days on Market
Closed Listed Jun 7, 2024 • MLS# 73249113 Copied! • Updated Jul 29, 2024

Sale Statistics

Sale Overview
Original List Price: $319,000
Final Sale Price: $317,000
Difference: $2,000 (-0.6%)
Performance Metrics
99.4%
List to Sale Ratio
Sold below asking price
16
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $798
Sale $/sq ft: $793
This property sold for $793 per square foot
Sale Summary

This property sold for 0.6% below the original asking price.

With only 16 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 2 similar properties sold within 0.5 miles in the last 90 days

This Property
$793/sq ft
Area Average
$540/sq ft
Difference
+46.8%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

About this home

"ATELIER MAGNOLIA" Perched on the top floor, Circa 1920's, originally a portion of the Grande Dame Oceanside Hotel, in the picturesque village of Magnolia. You will be entranced by a feeling of calm and nature when you step into this rare and unique setting. Walkout onto your covered deck to take in the view of the sea crashing on the rocks and smell the salt air. Consider this enchanting studio for your "nest", or a place to offer house guests when a few too many have arrived. They won't be disappointed. A short stroll to the Magnolia Pier, Gray beach, restaurants, and library, and to the bold ocean and Shore Road for your afternoon walk. Renovated with fresh paint, bathroom upgrades and fabric accordion blinds for sunny days. Heat and hot water included in the condo fee. Ground level private storage shed and laundry on-site.

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Recently Sold Nearby

Property History

Market Insights

0.6%
Price Range
18
Total Days on Market

Property Timeline

Current Active Listing - MLS #73544618
Full transaction history available when tracking began
🏡
Currently Listed
Jul 4, 2026
$319,000
MLS #73544618 - Active
Sold
Jul 26, 2024
$317,000
Property sold
Days on Market: 18
🏠
Listed for Sale
Jun 7, 2024
$319,000
Original listing

Tax History

Year Taxes Assessment
2024 $2,335 $240,000

Financial Details

Annual Property Tax
$2,335
Tax Year 2024
HOA Fee
$272
Monthly
Assessed Value
$240,000

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1920
Living Area 400 sq ft
Lot Size 0.23 acres
Full Baths 1
Total Rooms 2

Interior

Heating Baseboard, Oil
Cooling None
Flooring Wood, Tile
Appliances Range, Refrigerator
Fireplace None
Basement N
Laundry In Building
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Porch, Covered Patio/deck, Storage, Professional Landscaping
Pool None
Spa None
Fencing None
Patio/Porch Porch, Covered
Features Off Street, Assigned
Total Spaces 1
Electric Circuit Breakers, 60 Amps/less
Water Public
Sewer Private Sewer
Gas None
Other For Electric Range
Annual Tax $2,335
Assessed Value $240,000

HOA & Community

HOA Fee $272 Monthly
Fee Includes Heat, Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Amenities Hot Water, Laundry, Storage
Optional Fee Includes None
Owner-Occupied Units 9
Seller Disclosures Pets Are Allowed With Restrictions: No Grilling On Premises; Rentals Allowed With A 3 Month Minimum; No Smoking Allowed On The Property. See Attached Rules & Regulations.
Possession None
Accepted Financing Contract
Structure Type ["Mid-Rise"]
Unit/Building 32
Sq Ft Source Field Card
Documents Master Deed, Unit Deed, Rules & Regs, Master Plan (4)
County Essex
Total market time (incl. prior listings) 18 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1920
Full Bathrooms
1
Living Area
400 sq ft
Total Rooms
2
Stories
1
Entry Level
3

Room Details

First Floor

Kitchen
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Recessed Lighting
Bathroom1
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Master Bedroom
Closet, Flooring - Hardwood, Balcony / Deck, Balcony - Exterior, Recessed Lighting

Other Floor

Bathroom2
Bedroom2
Bedroom5
Bedroom4
Dining Room
Bedroom3
Living Room
Family Room
Bathroom3
Office
Master Bathroom

Interior Features

Flooring: Wood, Tile
Appliances: Range, Refrigerator
Interior Features:
Windows:
Basement: N
Laundry: In Building
Security:

Construction & Materials

Year Built: 1920
Effective Year (Renovated): 2006
Structure Type: Mid-Rise
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Baseboard, Oil
Heating Zones: 1
Cooling: None
Hot Water:
Water Source: Public
Sewer: Private Sewer
Energy Features:

Exterior & Lot

Exterior Features: Porch, Covered Patio/Deck, Storage, Professional Landscaping
Patio & Porch: Porch, Covered
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, Assigned
School District
Gloucester School District local
C-
🎓 Where Graduates Go Class of 2021
42% attend college
31% 4-Year 11% 2-Year 17% Out of State 14% Working
School Safety 2024-25
1.9% Average
1.9% Suspensions 0.5% In-School
3.6% below state avg
E

Elementary Schools

6 schools
Faith Christian School
4.4 mi
Grades PK-08
C-
West Parish School
3.1 mi | #683 of 824 | Score: 36.5
Dropped 245 spots from last year
-21.7 below state avg
382 students Less Diverse
Grades K-05
C
East Veterans Elementary School
4.5 mi | #651 of 824 | Score: 38.2
Dropped 58 spots from last year
-20 below state avg
451 students Diverse
Grades K-05
Gloucester PreSchool
4.7 mi
101 students Moderate
Grades PK
C-
Beeman Memorial School
4.8 mi | #701 of 824 | Score: 35.6
Dropped 172 spots from last year
-22.6 below state avg
292 students Diverse
Grades K-05
B+
Plum Cove School
7.4 mi | #322 of 824 | Score: 50.1
Improved 68 spots from last year
-8.1 below state avg
217 students Less Diverse
Rising School
Grades K-05
M

Middle Schools

1 school
C+
Ralph B O'Maley Middle School
4.4 mi | #238 of 352 | Score: 37.3
Improved 24 spots from last year
-20.9 below state avg
619 students Moderate
Rising School
Grades 06-08
H

High Schools

1 school
C+
Gloucester High School
3.3 mi | #212 of 346 | Score: 50.4
Improved 27 spots from last year
-7.8 below state avg
776 students Moderate
17 sports • 1,070 athletes
Rising School Career Tech Programs Strong Athletics
Grades 09-12
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Location

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Neighborhood

Magnolia

54 Lexington Ave # 32, Gloucester MA 01930

Gloucester, MA 01930

Listing Information

Agent MLS ID BB981815
Office MLS ID BB9897
Listing Data Updated Jul 29, 2024 9:30 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Steven Novak
Steven Novak
BMN Boston Real Estate
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